Should we open a small business now?
Government encourage graduates to open small business. Be an entrepreneur rather than finishing old’s man money by waiting a handsome office job coming to them . The way to encourage youth especially graduates to start their own business are by introducing funds and soft loan package. As we can see not many graduates find this as an opportunity, I ‘m thinking in this month of world crisis with major banks in the US gone bankrupt, price of consumer go up but surprisingly the fuel price declining. Even with the declining of the fuel price, consumer good does not go down . Stock market below 1000 points with everyday newspaper stated problems facing by the SME’s – slow businesses. Helloooo? Should we try to jump into entrepreneurship and be our own boss, own a shop lot?
With no job and no experience, graduates can’t afford to loose big and going bankrupt at the young ages.
If government to give grant, it will be okay but grant usually come with many technical papers to be present to the committee of bureaucrats. As far as I know there is no grant for business start up except for technology field like ICT but it’s hard to get. The option now is government fund via soft loan. Soft loan is still a loan and we need to pay back. Government agencies still can do legal action if the graduates did not pay. The program to create entrepreneur from young graduates is good but how sincere is the program lies at this bureaucrats. We understand banks rely on dollar and cents but hope government agencies don’t just simply bankrupt this young people.
Those bureaucrats with salary being paid every month. Do they care to help this young people to be success with passion and 100% responsibility? Yeah… we can’t judge people just like that, sound like a desperate man with unapproved loan. Don’t ask the politician because they have done their responsibility by approving policies to help the people by pumping money on various government related agencies such as MARA, SMIDEC and PUNB. It is fair enough to approve such opportunities to the people considering what they can grab for themselves first by using authority they had in hand.
Government pumping fund for people simply want to boost the economy. In the step of applying the loans till we get it and use it, many business benefit from it. Example I want to apply $50K from MARA, I must first go to a 3 day course and the hotel. MARA appoint outside consultants. Hotel get the rental fee from MARA and Consultants get paid. When we get the fund, various other opportunity are created like renting a shop lot, trading companies and people get hired. All this benefit to the economy. Just we hope not to benefit the bureaucrats…you know what I mean.
Just the question is, Should we open a small business now? In this month? year?.
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